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Fly News Breaks for September 14, 2017
EXEL
Sep 14, 2017 | 16:37 EDT
RBC Capital analyst Kennen MacKay initiated Exelixis with an Outperform and a $32 price target telling investors cabozantinib is poised to become an oncology blockbuster and sees scarcity value as a standalone company. MaCKay sees expansion into 1L kidney cancer and liver cancer leading to $3B+ in additional peak global sales potential.
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